Topic: Give Your Feedback About Bitcoin Today ? - page 5. (Read 762 times)

The good thing about investing or putting your money in an established cryptocurrency like bitcoin, ethereum, binance and other top crypto in the market is that we can assure that the price may still go up no matter how long it takes because they are already established. The crypto market is so volatile and that should be know by anyone who would want to join in the cryptocurrency because if you don't know about it then you probably taking the riskiest journey of your life, we are not only talking about the amount we can afford to lose but also the amount of knowledge you are with in dealing with cryptocurrency.

How you do consider for the price to be low? There's no such thing about low price or bottom price because everything could really be in random or cant be known on what would be the sweet spot.

If you do love to deal with established coins then bitcoin would be the key but dont expect that its value would rise up really that fast compared into low cap coins around.

Invest on what you can afford to lose and dont mind about profiting in a short time.

How do you determine that Bitcoin value is so low right now?
The current Bitcoin price is about $39k, this price is still bigger than the Bitcoin price in 2018, right? If we compared Bitcoin bullish in 2017 and 2021, the price of Bitcoin a year after the bullish is much better this year (2022). So, there is nothing to be worried about Bitcoin value, it is normal if the price decreases continuously because we are in the downtrend phase (bearish). If you expect the price of Bitcoin to increase again above $60k, or want a new ATH of Bitcoin, it should happen in the next Bullrun (2024-2025). Just keep holding your Bitcoin until the next uptrend, mate!!

It caused by the global economic was not in the good condition right now. Bitcoin can reach ATH once the global economic will be so good like what happened last year. This time it's quite different as SP500 or even nasdaq are on the worst performance again. This is also creating so many fear around the bitcoin and crypto investors. i have seen the comparison from the chart and both were also doing the same. It needs maybe a few years for bitcoin to increase again in the future.
Bitcoin looks strong as it backed by some big investors but in another thing it's being said that if bitcoin is still on the bearish trend.

Don't get it wrong Bitcoin price is not low at the moment and the 40k price is not a joke, Bitcoin is one of the most sorts after assets 9f the moment no two ways about that but if you want to get the general opinion/feedback on bitcoin then you will have to ask what is the level of Bitcoin adoption and what the general experience for Bitcoin daily users are such as traders and developers who use Bitcoin to pay for transactions.

No one can deny this fact that Bitcoin is first coin on cryptocurrency platform and still has high demand in crypto industry but you are right that Bitcoin value is low because now Bitcoin is only whale game. Big whales already accumulated much of Bitcoin and price already many x from start and new people entering in Altcoin rather than Bitcoin. Bitcoin is safe investment but it's profit is low as compare to other altcoin with high risk but descent profit

I think there will be very many people who will not agree with the word so low that you make. however, bitcoin currently has a high price. however, if you look at the ATH, the price is currently going down, and this is a natural thing. it's a matter of need and demand, so right now people are still waiting for the moment to buy bitcoin, and push it to reach a new ATH again. other than that, in my view, bitcoin price will probably be in the range of $38k to $41k. the lowest price for now can reach $ 35k, and maybe if it goes up the price can reach $ 45k. other than that, the two ranges cannot be "so low" if we broaden our view to see the history that bitcoin has.

I really understand what you are saying, and thanks for the suggestions and input, I as a newcomer may not know much about Cryptocurrrency, especially on the King of its own coin that is Bitcoin, with what you say that bitcoin is not a low price nowadays , meaning I can say it's time bitcoin is sitting and it's going to be on the upswing at the right time. if it used to be true that the price of Bitcoin was at $300 maybe in the current market price at $40k I personally consider this to be a high Bitcoin price.

First, thank you for answering the question that has been stuck in my mind for a long time, with the answer you gave so I know a lot will even have insight about Bitcoin, I wanted to ask about this at that time I had heard of Bitcoin which has a very high price, can it said it was a very high bitcoin price if i'm not mistaken the bitcoin price was the highest at that time or a few months have passed around the price of $ 63k is this correct or even higher than what i said.

So I looked at the crypto markets a few days ago, and I saw the price of bitcoin seems to be going down a lot, and my question at that point was whether this is a low price for Bitcoin holders or is the price pretty standard, so with an answer what you said above I can conclude that this is not a low price of Bitcoin, with the price of Bitcoin figures now at $ 40k means this is not included in the low price category.

Anyways I'm pretty sure it will take a long time or so soon BItcoin will experience an upswing in the market and will become an upward trending market, or a Bullrun Market, although this won't be straightforward, as most people say Bitcoin never moves in a straight line. straight, as far as I know, maybe there are others I don't know about because it can be said that I am a newcomer to this Forum and a newbie in Cryptocurrency.

This is an altcoin section , you should post in the right section in which either Bitcoin Discussion here.
https://bitcointalk.org/index.php?board=1.0
or in Economy section that you can find here https://bitcointalk.org/index.php?board=7.0
because this section is for altcoins that needs to be discussed against Bitcoin , I know you are newbie so you don't know where to post correctly , but have reported this to Mod for transfer .

There's no basis at all that we can say the value of Bitcoin is low or high, just to think that a few years ago it was 1 digit - 2 digits price, and look at now.
Another thing is we are not sure how high the Bitcoin price will be or when.
Today, I am positive about Bitcoin in the long term especially in real-life use cases not only for investment.

well the structure itself can really tell why it's getting low right now, i suggest use higher time frames to get more information. Infact previously base on my observation it broke out on the trend and failed to continue making higher highs. so now it expected that it will make more correction on the price within this month or so on because it will retest the previous support.. So if you're planning to buy, be patient.

In fact, I see no difference to a particular price action today.  Slightly weaker and slightly up, seems normal volatility similar to April Fools' day, FUD penetration sent the market into a panic.  With the supply dwindling to just 2 million untapped, this low can be expected.  Bitcoin is 50% off against ATH, market reaction will be good for this bitcoin price.  My prediction for April will be $45k. Now maybe this 38k will move around a bit and move up.

If you already think it's still low, then simply buy more of it if you can. For myself, the current price is not a small number for many people. For those with a common income in society, it is still a very large number to reach. However, as we gain more knowledge about it, we can see that it has huge potential in the future, so it is also difficult to price it according to everyone's understanding. Because only a few can participate in and access this market, we can see it is much better developed today but undeniably still too small.

Actually the value and price of bitcoin is not low, seeing you as a newcomer I understand that if you compare the highest Bitcoin value with the current market conditions, it is true that the price of bitcoin is much lower than before, because you as a newcomer first you need to collect a lot of information. about Cryptocurrencies first of course you will not see the current low price of bitcoin, if you know that in previous years bitcoin was only around $300, and the current market price of Bitcoin is around $40K, even a few weeks ago it went up $47k.

So we can't conclude Bitcoin with a low price, because we all know that Bitcoin never moves in a straight line maybe you don't know it because you are a newcomer, so we need to know the point of every market price, especially in the crypto market never stable they move in both directions, one is the market price is up and the other is the opposite of itself, namely the market price is down.

You have called the value of bitcoin low? It doens't even make sense. if you back into the a few years ago when the price of bitcoin was still under $10 or $100 and will you think the same to called as a low price? Bitcoin is e even very stable at this moment. No reason. The adoption of bitcoin is still continue and more big companies and bitcoin ETF will come soon. This will bring back bitcoin to the moon again for sure. I think that you are only compare the current price with ATH price which doesn't make sense.

So low? I don't think so, $40k is really high price compared to past 10 years where price is ranging from $5-10 only thats totally low. Bitcoin price is subject to manipulation by whales because it has limited supply so its easy for them to pump if you have huge amount of money, this price drops is only temporary, I think until most retail holders sell and most whales accumulates them at low price, wait for some years $40k will be just a dream just like we see bitcoin at $400. 

Bitcoin is indeed in great demand from year to year, whether it's new or old investors/companies they continue to adopt bitcoin if the price weakens. Regarding the current price not as low as 5 years ago or before, we can still enjoy sell above 40K and buy when below that price. But if you want to know why the value of bitcoin is weakening, you can look at Speculation just read first there are many very interesting posts and discussions.

My guess is that the current price of Bitcoin is lower than the price of the last ATH and hence his opinion that the value is low.

Let me try to explain. Value comes from demand and supply. If there are more people willing to buy, the price goes up. If there are more people willing to sell, the price goes down.
Where do more people wanting to buy or sell come from can be caused by many factors.
Example: If McDonalds now announced that they sell food only for Bitcoin, immediately many people would like to buy Bitcoin and its price would start to rise. The moment people see the price of Bitcoin rising very quickly, there are people who want to buy it just to make money on it. This makes the price rise even faster and they will achieve a high price, i.e. Bitcoin becomes overvalued. Then there is a sale by people who do not need it to buy food in McDonalds and its price drops. It will drop to the level where people who really need it to buy food in McDonalds will start buying.
At this point, we are in a downturn, looking for the level at which people who really need bitcoin will start buying.
In my opinion, we are very close to the level where people who like McDonalds will start buying
So in fact, the value of Bitcoin at this point is too high, not too low

I believe the reason why the OP is thinking that the btc is low at this point is because he is a newcomer in crypto market. If he started like in the year 2015 or even in 2017, I don't think he will consider the $40k-value as low. So more than likely, he is talking in reference to the time he join in this market. Because for example, from my opinion, $40k level is not low for me because I have seen it at about $350. So this is quite subjective. And up until now, the value of btc depends on the supply and demand in the market contributed by varied factors.